Multiple Choice
What is the effect of an unqualified,blank endorsement?
A) It turns an allonge into an endorsement.
B) It turns a blank endorsement into a special endorsement.
C) It turns previous bearer paper into order paper.
D) It turns previous order paper into bearer paper.
E) It turns an endorsement into an allonge.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: A holder may still become a holder
Q13: Which of the following is the result
Q14: Which of the following may endorse an
Q15: Which of the following is the term
Q16: For negotiation,which of the following types of
Q18: An endorsement to prohibit further endorsement prohibits
Q20: A party cannot be a holder in
Q20: A payee may not be a holder
Q21: Which of the following is true regarding
Q22: An endorsement that restricts the instrument such